Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High

Larry Ellison Becomes Third-Richest Man As Oracle Shares Hit Year’s High

Oracle shares hit a 2026 intraday high Monday, extending a furious late-May rally that has recast the database pioneer as a marquee AI-infrastructure player and boosted the fortune of cofounder Larry Ellison, who holds roughly 40% of the company. Oracle traded as high as $233.72 Monday, after surging about 11% Friday to cap software's strongest month since 2001. The company has pivoted from a mature software vendor into a major player in the AI boom, renting compute power to the largest AI developers like OpenAI. Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(40)

What We Know About Billionaire Peter Thiel’s Secret 'Dialog’ Society—Including Who’s Involved

What We Know About Billionaire Peter Thiel’s Secret 'Dialog’ Society—Including Who’s Involved

A leak of private information purportedly related to an ultra-secret society called “Dialog” founded by PayPal billionaire Peter Thiel has revealed the inner workings of an elite group to which hundre...

19 Jun 3min

What We Know About Potential $300 Billion For Iran In Peace Deal

What We Know About Potential $300 Billion For Iran In Peace Deal

Iran could have access to up to $300 billion in reconstruction funds if it adheres to a peace agreement it recently struck with the U.S., according to Vice President JD Vance and multiple reports, tho...

18 Jun 3min

Fox Will Buy Roku For $22 Billion

Fox Will Buy Roku For $22 Billion

Fox Corporation on Monday announced it reached an agreement to buy the streaming service Roku for $22 billion, expanding Fox’s streaming portfolio in a transaction the companies said would create the ...

17 Jun 3min

Elon Musk Becomes The World's First Trillionaire Ever After SpaceX IPO

Elon Musk Becomes The World's First Trillionaire Ever After SpaceX IPO

Elon Musk just became the first trillionaire in world history. SpaceX’s stock began trading on the Nasdaq Friday at $150 per share, implying a nearly $2 trillion market cap for the company. Forbes est...

12 Jun 3min

Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest

Larry Ellison’s Net Worth Plunges $10 Billion—Falls Behind Bezos To Fifth-Richest

Larry Ellison’s fortune declined by more than $10 billion on Tuesday, dropping him behind Jeff Bezos to the No. 5 spot among the wealthiest as Oracle shares stumbled amid another broad decline for tec...

11 Jun 3min

Inflation Hit Highest Rate In 3 Years In May

Inflation Hit Highest Rate In 3 Years In May

Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data...

10 Jun 3min

OpenAI Has Filed Paperwork To Go Public

OpenAI Has Filed Paperwork To Go Public

OpenAI has confidentially filed an S-1 form for an initial public offering, the company said in a brief statement on Monday, about one week after artificial intelligence rival Anthropic did the same a...

9 Jun 3min

Elon Musk Boosts Unsubstantiated Claims About LA Mayor Election As Spencer Pratt Drops To Third

Elon Musk Boosts Unsubstantiated Claims About LA Mayor Election As Spencer Pratt Drops To Third

Elon Musk early on Monday boosted unsubstantiated claims questioning the results of the primary elections in California, focusing specifically on the Los Angeles Mayoral primary, as the progressive De...

8 Jun 4min

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